Marten Transport Announces Third Quarter Results
- MONDOVI, Wis., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $13.6 million, or 17 cents per diluted share, for the third quarter ended September 30, 2023, compared with $25.6 million, or 32 cents per diluted share, for the third quarter of 2022. For the nine-month period ended September 30, 2023, net income was $58.0 million, or 71 cents per diluted share, compared with $84.8 million, or $1.03 per diluted share, for the 2022 nine-month period.
- 10/18/2023
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Marten Transport: Undervalued After Recent Pullback
- Marten Transport has experienced a recent pullback due to mixed earnings but is currently undervalued. The company operates in four divisions: truckload, dedicated, intermodal, and brokerage, providing transportation solutions for various industries. Analysts rate Marten Transport as a "buy" with a 23.01% potential upside, and the company has a strong balance sheet with no debt.
- 10/09/2023
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Marten Transport: A Great Ride That's Now Over
- Marten Transport's financial performance has started to weaken after a strong fiscal year in 2022. Revenue and profitability have declined in the current year, likely due to broader economic uncertainty and supply chain issues. MRTN stock is relatively expensive compared to similar companies, leading to a recommendation to downgrade from a 'buy' to a 'hold'.
- 10/09/2023
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UK joins Europe's growing 'greenlash' with new pro-motorist policies
- As the U.K. government ramps up concessions for motorists, Britain joins the fold of countries caught up in a political backlash against Europe's green agenda.
- 10/09/2023
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MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
- MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 29, 2023 to stockholders of record at the close of business on September 15, 2023.
- 08/15/2023
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MARTEN TRANSPORT APPOINTS RANDALL BAIER AS EXECUTIVE VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER
- MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Randall J. Baier as its Executive Vice President and Chief Technology Officer, effective August 15, 2023.
- 08/15/2023
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Marten Transport, Ltd. (MRTN) Meets Q2 Earnings Estimates
- Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate.
- 07/19/2023
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Marten Transport Announces Second Quarter Results
- MONDOVI, Wis., July 19, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $21.9 million, or 27 cents per diluted share, for the second quarter ended June 30, 2023, compared with $31.7 million, or 39 cents per diluted share, for the second quarter of 2022. For the six-month period ended June 30, 2023, net income was $44.4 million, or 55 cents per diluted share, compared with $59.2 million, or 72 cents per diluted share, for the 2022 six-month period.
- 07/19/2023
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Marten Transport: A Very Fair Price To Get In At
- Marten Transport Ltd saw a YoY decline in net income in Q1 2023 due to rising operating expenses, including higher fuel prices. However, operating revenues grew 3.8% YoY despite a challenging market environment. MRTN is expanding its business into Mexico, benefiting from the reshoring of manufacturing to North America and increased delivery between the US and Mexico. The company's revenues from temperature-sensitive shipments are also expected to increase.
- 07/12/2023
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Marten Transport, Ltd. (MRTN) Tops Q1 Earnings Estimates
- Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share.
- 04/18/2023
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Marten Transport: Sturdy Business Leads To Sturdy 2022 Results
- Marten Transport reports an EPS of $0.31, which is $0.01 higher than last year and revenue beat expectations by $4.43 million to $322.58M. Through its diversified business platforms, the company has been increasing top and bottom line performance consecutively since 2018, irrespective of the numerous market environment challenges.
- 02/02/2023
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Marten revenue up but net income growth lowest in over 2 years
- Truckload carrier Marten Transport brought in a lot more revenue in the fourth quarter of 2022 compared to a year earlier but posted a much smaller gain in net income. Net of fuel, operating revenue at Marten (NASDAQ: MRTN) rose 15.8%, though total operating revenue, which included fuel, climbed 20.9%, to $322.6 million from $266.9 million in the fourth quarter of 2021.
- 01/26/2023
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Marten Transport, Ltd. (MRTN) Q4 Earnings and Revenues Surpass Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 3.33% and 0.09%, respectively, for the quarter ended December 2022.
- 01/24/2023
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Marten Transport: Stable Fundamentals But Stock Price Near Its Maximum
- Marten Transport, Ltd. maintains a stable performance amidst inflationary headwinds. It outperforms the industry with its above-peer-average growth and margins.
- 12/16/2022
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Marten's Q3 mixed compared to year ago but slows from Q2
- Marten Transport's earnings, the first out of the gate for truckload carriers, showed some signs of the market weakness that is evident in growing capacity and falling rates, but they weren't quite flashing red. Some operating comparisons to the third quarter of 2021 were flat to weaker depending on the segment.
- 10/17/2022
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Marten Transport, Ltd. (MRTN) Q3 Earnings Miss Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of -5.88% and 0.96%, respectively, for the quarter ended September 2022.
- 10/17/2022
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Trucking Stocks Race Up Rankings As Stock Market Correction Deepens
- As the stock market correction deepens, trucking stocks like Covenant, Marten, Heartland Express and Knight-Swift are holding up well. The post Trucking Stocks Race Up Rankings As Stock Market Correction Deepens appeared first on Investor's Business Daily.
- 09/30/2022
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Marten Transport: An Outperformer In The Transport Sector
- Marten Transport has outperformed the transport sector year-to-date with returns of 14.43%. Transport stocks are cyclical and closely linked to market conditions, however, they are also experiencing an ongoing surplus in demand due to changing consumer buying habits.
- 09/28/2022
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3 Momentum Anomaly Picks as Markets Remain Wary of Fed Hike
- Otter Tail (OTTR), Marten Transport (MRTN) and Avis Budget (CAR) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
- 08/24/2022
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Marten Transport, Ltd. (MRTN) Hit a 52 Week High, Can the Run Continue?
- Marten Transport, Ltd. (MRTN) is at a 52-week high, but can investors hope for more gains in the future?
- 08/15/2022
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Marten Transport, Ltd. (MRTN) Soars to 52-Week High, Time to Cash Out?
- Marten Transport, Ltd. (MRTN) is at a 52-week high, but can investors hope for more gains in the future?
- 07/28/2022
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Can Marten Transport, Ltd. (MRTN) Run Higher on Rising Earnings Estimates?
- Marten Transport, Ltd. (MRTN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 07/21/2022
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Best Momentum Stocks to Buy for July 21st
- ASC, MRTN, and TTE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 21, 2022.
- 07/21/2022
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New Strong Buy Stocks for July 21st
- TTE, MRTN, CRC, PBR, and ARCB have been added to the Zacks Rank #1 (Strong Buy) List on July 21, 2022.
- 07/21/2022
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Marten Transport, Ltd. (MRTN) Recently Broke Out Above the 50-Day Moving Average
- When a stock breaks out above the 50-Day simple moving average, good things could be on the horizon. How should investors react?
- 07/20/2022
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Why Marten Transport Stock Motored Today
- There's very little not to like in this earnings report.
- 07/19/2022
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Refrigerated carrier Marten posts record results in Q2
- Refrigerated carrier Marten Transport achieved another record financial performance during the second quarter of 2022. After the market closed on Monday, the company reported revenue and earnings per share well ahead of consensus expectations.
- 07/18/2022
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Marten Transport, Ltd. (MRTN) Tops Q2 Earnings and Revenue Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 21.88% and 12.96%, respectively, for the quarter ended June 2022.
- 07/18/2022
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Marten Transport Shares Rise After Q2 Results Exceed Expectations
- Marten Transport, Ltd (NASDAQ: MRTN) reported second-quarter operating revenue growth of 41.8% year-over-year to $329.6 million, beating the consensus of $282.7 million. The operating income improved 43.6% Y/Y to $40.94 million, and the margin expanded by 15 bps to 12.4%.
- 07/18/2022
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Best Income Stocks to Buy for June 13th
- POOL, MRTN, and UFCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 13, 2022.
- 06/13/2022
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Marten Transport, Ltd. (MRTN) Just Reclaimed the 20-Day Moving Average
- When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
- 05/18/2022
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Marten Transport, Ltd. (MRTN) Just Reclaimed the 50-Day Moving Average
- Is it a good or bad thing when a stock surpasses resistance at the 50-day simple moving average?
- 05/18/2022
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What Makes Marten Transport, Ltd. (MRTN) a New Strong Buy Stock
- Marten Transport, Ltd. (MRTN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 05/13/2022
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Surging Earnings Estimates Signal Upside for Marten Transport, Ltd. (MRTN) Stock
- Marten Transport, Ltd. (MRTN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 05/06/2022
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Here's Why Momentum Investors Will Love Marten Transport, Ltd. (MRTN)
- Does Marten Transport, Ltd. (MRTN) have what it takes to be a top stock pick for momentum investors?
- 05/03/2022
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India's green hydrogen rush lures companies but hurdles remain
- Indian companies are committing billions of dollars to green hydrogen projects but experts caution technology is still very new.
- 05/02/2022
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Marten Transport, Ltd. (MRTN) Tops Q1 Earnings and Revenue Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 26.92% and 9.52%, respectively, for the quarter ended March 2022.
- 04/19/2022
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Truckload carrier Marten racks up records in strong Q1
- Marten Transport had a record-breaking first quarter, with all-time highs in several key categories. Operating revenue was a record at $287.3 million, up 28.8% from the first quarter of 2021, but it was boosted significantly by fuel surcharge revenue, which came in at $42 million.
- 04/19/2022
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Here's Why Marten Transport, Ltd. (MRTN) is a Great Momentum Stock to Buy
- Does Marten Transport, Ltd. (MRTN) have what it takes to be a top stock pick for momentum investors?
- 03/21/2022
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3 of the Best Breakout Stocks to Buy for Superb Returns
- International Money Express (IMXI), Marten Transport (MRTN) & OFS Capital (OFS) are at present breakout stocks, which calls for investing in them right away.
- 03/15/2022
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Marten Transport, Ltd. (MRTN) Q4 Earnings and Revenues Beat Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 11.11% and 1.55%, respectively, for the quarter ended December 2021.
- 01/25/2022
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Marten's metrics and bottom line improved in 4th quarter of 2021
- Marten rode a significant increase in total fourth-quarter revenue to offset higher salaries and purchased transportation costs, resulting in a 20% increase in operating income and a 26.1% improvement in net income compared to the corresponding quarter of 2020. After relatively constrained increases in operating income in the second and third quarters, compared to the corresponding quarters of the prior year, the fourth-quarter performance marked a bounce back.
- 01/25/2022
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5 Buy-Ranked Stocks Likely to Beat on Earnings This Week
- The Zacks Rank and ESP are still a solid combination to predict earnings beats.
- 01/25/2022
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Is a Surprise Coming for Marten Transport (MRTN) This Earnings Season?
- Marten Transport (MRTN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/20/2022
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Marten Transport: On Its Way Past $20 A Share
- Marten Transport: On Its Way Past $20 A Share
- 01/20/2022
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How Marten Transport (MRTN) Stock Stands Out in a Strong Industry
- Marten Transport (MRTN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/04/2022
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3 Stocks to Keep an Eye on for Superb Earnings Growth
- Marten Transport (MRTN), Saia (SAIA) & Old Dominion Freight Line (ODFL) currently have striking earnings growth and positive estimate revisions.
- 01/04/2022
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4 Stocks With High Forward Rates of Return
- Donald Yacktman, a well-known value investor and founder of the AMG Yacktman Fund (Trades, Portfolio), takes the "forward rate of return" highly into account when he wants to evaluate the attractiveness of a stock. He calculates this valuation ratio as "normalized free cash flow yield plus real growth plus inflation.
- 11/05/2021
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Marten Transport, Ltd. (MRTN) Q3 Earnings and Revenues Top Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 4.00% and 5.78%, respectively, for the quarter ended September 2021.
- 10/19/2021
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Marten Transport's Earnings Outlook
- MRTN is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.
- 10/18/2021
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Marten Transport: Q3 Numbers May Provide Catalyst For Share Price Gains
- $0.25 in earnings expected for Q3.
- 10/13/2021
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Marten Transport sends fleetwide message about operating ‘systems issues'
- Truck drivers for Wisconsin-based truckload carrier Marten Transport say they received two fleetwide messages Tuesday afternoon from the company's top executive thanking them for their patience as the company continues to work “through some systems issues” it started “experiencing Sunday.” However, some drivers say there was little communication from the company about the systems issues prior to receiving those two fleetwide messages from Tim Kohl, CEO of Marten, through Omnitracs, the trucking company's fleet management system.
- 10/06/2021
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Breaking: Marten Transport falls victim to possible cyberattack
- Wisconsin-based truckload carrier Marten Transport was targeted in an apparent cyberattack that knocked out its operating system around 2:30 p.m. CDT on Sunday, according to a source familiar with the matter.
- 10/04/2021
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The Top Insider Buys of the Week
- Brian Sullivan details the top 5 company executive stock purchases of this past week, including a massive buy by the CEO of a well-known retail chain.
- 09/24/2021
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MARTEN TRANSPORT APPOINTS DOUGLAS PETIT AS PRESIDENT
- MONDOVI, Wis., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Douglas P. Petit as its new President, effective today. Doug Petit will succeed Tim Kohl, who has served as the Company's President since 2008. Tim Kohl was recently appointed as Chief Executive Officer on May 4, 2021.
- 08/30/2021
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Heartland's 50-cent special dividend 2nd by a carrier this week
- Truckload carrier Heartland Express announced Friday a 50-cent-per-share special dividend. The North Liberty, Iowa-based company also announced an increase of 3 million shares to its buyback program.
- 08/20/2021
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Marten Transport announces 50-cent special dividend
- Marten Transport announced a special dividend of 50 cents per share Tuesday after the market closed. The Mondovi, Wisconsin-based refrigerated carrier also declared a regular quarterly cash dividend of 4 cents per share.
- 08/17/2021
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MARTEN TRANSPORT DECLARES SPECIAL AND QUARTERLY DIVIDENDS
- MONDOVI, Wis., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a special cash dividend of $0.50 per share of common stock and a regular quarterly cash dividend of $0.04 per share of common stock.
- 08/17/2021
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New Strong Sell Stocks for July 29th
- ABCM, CCJ, EBMT, MRTN and NESR have been added to the Zacks Rank #5 (Strong Sell) List on July 29, 2021.
- 07/29/2021
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Marten Transport, Ltd. (MRTN) Meets Q2 Earnings Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 0.00% and -2.01%, respectively, for the quarter ended June 2021.
- 07/15/2021
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Marten's numbers strong compared to not just crazy 2020 but 2 years ago also
- With second-quarter earnings starting to roll in, one question will become paramount: What do they get compared to? This is not just an issue in trucking.
- 07/15/2021
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Recap: Marten Transport Q2 Earnings
- Shares of Marten Transport (NASDAQ:MRTN) moved lower after the company reported Q2 results. Quarterly Results Earnings per share fell 21.21% over the past year to $0.26, which were in line with the estimate of $0.26.
- 07/15/2021
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Marten Transport Earnings Preview
- On Thursday, July 15, Marten Transport (NASDAQ:MRTN) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
- 07/14/2021
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Marten Transport, Ltd. (MRTN) Reports Next Week: Wall Street Expects Earnings Growth
- Marten Transport, Ltd. (MRTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
- 07/08/2021
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Marten Transport: An Undervalued Mid-Cap Trucking Company
- Marten Transport is a mid-cap trucking company that has been growing revenues for the past 5 years despite a contraction in the trucking industry.
- 06/23/2021
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Dividend Growing Small- And Mid-Cap Companies Watchlist
- Small- and mid-cap stocks tend to outperform large-cap peers due to their small size. In this article, I will look for the most undervalued small- and mid-cap stocks from the CCC list.
- 06/13/2021
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Artificial Intelligence Identifies Perficient Inc Among Today's Top Buys
- Growth stocks and reopening trades rose on Tuesday. Crypto-exchange Coinbase had another big day.
- 05/25/2021
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Marten upgrades to ORBCOMM's dual-mode tracking service
- ORBCOMM, a provider of electronic logging devices and IoT technologies, announced Tuesday it has inked a deal with refrigerated truckload carrier Marten Transport (NASDAQ: MRTN). The Rochelle Park, New Jersey-based tech provider said Marten has started replacing 3G wireless service that begins sunsetting this year with its dual-mode technology.
- 05/11/2021
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Marten Transport Appoints Tim Kohl as Chief Executive Officer and Randy Marten as Executive Chairman
- MONDOVI, Wisc., May 04, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has appointed Tim Kohl as its new Chief Executive Officer, effective today. Tim Kohl will succeed Randy Marten, who has served as the Company's Chief Executive Officer since 2005. Randy Marten will serve as Executive Chairman of the Board of Directors as part of this transition.
- 05/04/2021
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Trucking's tailwinds evident in first quarter
- Trends so far during the first-quarter earnings season are supportive of truckload carriers posting sizable growth in 2021. February's severe winter storms had many analysts lowering estimates for the quarter heading into the print.
- 04/27/2021
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Marten Transport, Ltd. (MRTN) Q1 Earnings and Revenues Surpass Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 10.00% and 1.52%, respectively, for the quarter ended March 2021.
- 04/15/2021
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Marten Transport Announces First Quarter Results
- Net income improves 31.3% to kick off 2021 Net income improves 31.3% to kick off 2021
- 04/15/2021
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Marten Transport, Ltd. (MRTN) Earnings Expected to Grow: Should You Buy?
- Marten Transport, Ltd. (MRTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
- 04/08/2021
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Should Value Investors Buy Marten Transport, Ltd. (MRTN) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/24/2021
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Marten Transport Stock Is Estimated To Be Fairly Valued
- The stock of Marten Transport (NAS:MRTN, 30-year Financials) is believed to be fairly valued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded.
- 03/23/2021
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MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
- MONDOVI, Wis., March 02, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share of common stock. The dividend will be payable on March 31, 2021 to stockholders of record at the close of business on March 17, 2021.
- 03/02/2021
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4 Stocks to Watch as Trucking Sector Continues to Rebound
- The U.S. trucking industry seems poised to continue its recovery in 2021 as truck loadings look set to increase, making it prudent to keep an eye on names like ArcBest (ARCB) and PACCAR (PCAR)
- 02/04/2021
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Marten Transport : Long-Term Uptrend Remains Intact
- Firm announces an impressive set of fourth quarter numbers. Technicals look bullish with strong buying volume to the fore.
- 02/02/2021
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5 Industrial Stocks Boosting Book Value
- According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned stocks have grown their book value per share over the past decade through Feb. 1.
- 02/01/2021
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Marten Transport, Ltd. (MRTN) Q4 Earnings and Revenues Surpass Estimates
- Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 9.09% and 1.88%, respectively, for the quarter ended December 2020.
- 01/26/2021
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Marten Transport: Q4 Earnings Insights
- Shares of Marten Transport (NASDAQ:MRTN) moved higher after the company reported Q4 results. Quarterly Results Earnings per share were down 17.24% over the past year to $0.24, which beat the estimate of $0.22.
- 01/26/2021
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Marten Transport Announces Fourth Quarter and Year End Results
- Reports highest operating revenue and operating income for any quarter and year in Marten's history Reports highest operating revenue and operating income for any quarter and year in Marten's history
- 01/26/2021
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Marten Transport's Earnings: A Preview
- Marten Transport (NASDAQ:MRTN) announces its next round of earnings this Tuesday, January 26. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement.
- 01/25/2021
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Where Are Trucking Stocks Headed in 2021?
- 2021 promises to be a good year for trucking stocks, so people should stay invested.
- 01/19/2021
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3 Trucking Stocks Poised to Continue Their Winning Streaks in 2021
- Trucking stocks are benefiting from factors like enhanced freight conditions, greater online spending and minimized operating costs. Evidently, the likes of Saia (SAIA), Marten Transport (MRTN) and ArcBest (ARCB) should grace one's portfolio.
- 12/31/2020
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MARTEN TRANSPORT DECLARES SPECIAL AND QUARTERLY DIVIDENDS
- MONDOVI, Wis., Nov. 18, 2020 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a special cash dividend of $0.50 per share of common stock and a regular quarterly cash dividend of $0.04 per share of common stock. The dividends will be payable on December 28, 2020 to stockholders of record at the close of business on December 14, 2020. No portion of either dividend is considered to be a return of capital.
- 11/18/2020
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5 Stocks That Could Have Great Near-Term Growth Potential (1 Has Gained 127% Since June 30)
- Cristan Blackman's Empirical Capital Partners is a Tennessee-based hedge fund founded in 2000 that takes a small number of concentrated positions in high-quality companies, with the fund investing the bulk of its assets in those companies which it sees as having the greatest potential for near-term gains. The fund managed a 13F portfolio containing $70.1 million in assets as of June 30, 2020.
- 10/27/2020
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Stocks To Watch: Barrick Gold, Hedge Fund Reveals And Election Plays (NASDAQ:ACIA)
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 08/08/2020
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5 Transportation Stocks Going Places
- This industry houses companies with different prospects depending on their nature of business, their business models and the goods they deal in.
- 08/06/2020
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Dividends By The Numbers In July 2020
- July 2020 saw significant improvements for dividend-paying firms in the U.S. stock market.
- 08/05/2020
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Should You Be Impressed By Marten Transport's (NASDAQ:MRTN) Returns on Capital?
- To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
- 08/04/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Sees Large Increase in Short Interest
- Marten Transport, Ltd (NASDAQ:MRTN) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,010,000 shares, a growth of 6.0% from the June 30th total of 952,800 shares. Based on an average daily trading volume, of 301,600 shares, the days-to-cover ratio […]
- 08/03/2020
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Increased Earnings Estimates Seen for Marten (MRTN): Can It Move Higher?
- Marten (MRTN) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
- 07/24/2020
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Marten Transport (MRTN) Looks Good: Stock Adds 6.2% in Session
- Marten Transport (MRTN) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
- 07/20/2020
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Dow, S&P Rise for Third Straight Week
- Stocks Analysis by Zacks Investment Research covering: Bed Bath & Beyond Inc, Netflix Inc, Atlas Air Worldwide Holdings, j2 Global Inc. Read Zacks Investment Research's latest article on Investing.com
- 07/20/2020
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Marten, Heartland Stock Prices Get Boost After Strong Quarters
- Tightened capacity seen as a spur to both Heartland Express, Inc. (NASDAQ: HTLD) and Marten Transport, Ltd (NASDAQ: MRTN) beating estimates, with optimism from analysts going forward.The earnings reports of truckload carriers Heartland Express and Marten Transport released on Thursday, July 16 continued to resonate with investors a day later, with the stock prices of both companies recording significant gains. At approximately 11:50 a.m. EDT, Marten had risen $2.47 per share to $29.43, a gain of 9.16%. It has traded Friday in excess of $30. While its earnings report did not exceed forecasts as much as those of Heartland, Marten did split its stock 3-for-2 while maintaining its dividend at $0.04 per share, which is effectively a 50% increase in the yield. Meanwhile, at the same time, Heartland had risen $1.01 per share to $22.36, a gain of 4.73%. That came after a July 16 performance following the morning release of its earnings in which the stock rose 4.7% from Wednesday to $21.35. (Marten's earnings were released after the close.)The beat on earnings and revenue for both companies was considerable. At Heartland, GAAP basis earnings per share of $0,24 were $0.10 more than what SeekingAlpha said was the consensus. Revenue of $160.87 million was $8.48 million more than consensus. A report from UBA analyst Thomas Wadewitz described the outperformance as "meaningful."At Marten, the earning report of $0,33 per share was also $0.10 more than forecast. Revenue of $212.38 million was $7 million above consensus. Neither Marten nor Heartland are companies that are widely covered by Wall Street equity analysts. But Todd Fowler of KeyBanc covers both and remains bullish. However, he did not change his investment recommendation on either, which already was at Overweight.What comes through his summary of both company's earnings is the bullishness of the freight market and the tightness in capacity. "Freight activity improved sequentially during the quarter with strength in late May and June more than compensating for a particularly soft April," Fowler wrote in discussing Heartland. "The resumption of Chinese import activity as well as the resumption of economic activity combined to produce a strong recovery in demand during the quarter with some implications from capacity reduction industry side."Late Quarter Strength Continues This MonthFowler, who discussed the earnings with Heartland management after they were released (Heartland does not do an earnings call) reiterated what the company said in its earnings statement: the market has continued strong into July. "July to date, trends have persisted with turndown elevated seasonally," Fowler wrote. "Most bid activity is complete. However, sustained tightness may create yield opportunity in 2h 2020."Chris Strain, Heartland's CFO, told FreightWaves in a telephone interview that capacity has "definitely tightened up." Prior to the pandemic, Strain said, "we were all talking about the back half of 2020 being better." "We were in that camp so we're starting to see that," he added, though he noted that is only through two weeks of observation. Talking about the recently completed quarter, Strain said April was "terrible." The rest of the quarter got "progressively better" and that trend has continued into July.Wadewitz at UBS also spoke with Heartland management about capacity. "On the supply side, HTLD believes there has been some downsizing of fleets and carrier bankruptcies which have contributed to the recent tightness in the truckload market," he wrote. Heartland has always had one of the leading operating ratios (OR) in the industry. While the company beat expectations on revenue and net income in the quarter, its OR slipped significantly during the quarter. Its non-GAAP adjusted OR was 83%, compared to 76.6% a year ago.But what Heartland came in with was well above estimates. For example, Wadewitz' forecast was that Heartland would have an OR of 88.4.The OR has weakened in part by the acquisition last year of Mills Transfer. UBS said the OR of the legacy Mills business is in the low 90s. "The integration of Mills remains on track with favorable revenue retention and ongoing opportunities to more closely align costs with legacy Heartland operations," KeyBanc's Fowler wrote, while also acknowledging the low-90 OR at Mills. KeyBanc also saw the Heartland OR as being better than projected. Net of fuel and gains from sales of equipment, Fowler said the quarter's OR was 85.2%, better than the estimate of 89.9%. But a year ago, the OR net of fuel and gains was 82.7%.Fowler increased the price target for Heartland to $26 from $24. As for Marten, Fowler raised the price target for Marten by $2 to $31. Positive Outlook At MartenIn his report, Fowler wrote that his discussions with Marten management after the earnings release "indicated sequential improvement through the quarter...with utilization benefiting from the ability to deploy assets in areas or with accounts where demand was strong, more than offsetting customer shutdowns."Although rates are increasing throughout the industry generally, Fowler wrote about Marten that "rates remain pressured with revenue/truck balanced by favorable utilization."The KeyBanc report stated further, "Overall, we view current quarter results as meaningfully stronger from an operational perspective, demonstrating margin potential in an improved freight environment." Marten's consolidated operating ratio, built through the four segments – truckload, dedicated, intermodal and brokerage – was 88.1% in the second quarter, a significant improvement of 250 basis points from the second quarter of last year. In increasing its target price, KeyBanc and Fowler said it assumes a 90.4% OR for the company in this year, a slight improvement from 90.9% last year. (Marten's 6-month OR so far this year is 90%.) Fowler sees an OR of 90% in 2021. "Overall, results are supportive of our expectation for gradual operational improvements and an improved margin profile intermediately, combined with modest organic growth," he wrote.The two divisions at Marten that had tough quarters were brokerage and intermodal. Fowler said a brokerage revenue decline of about 21% was in line with its forecasts. But intermodal revenue rising 6% was below the model that showed an 11% gain. A volume increase for Marten's intermodal business of 3% was below a projection of 10%, with a slightly higher revenue per load gain of 3% compared to KeyBanc's projection of 1%.More articles by John KingstonGeorgia trucking group: in-person meeting led to no COVID infectionsS&P says YRCW situation good enough for an increase in its debt ratingMerrill Lynch boosts Knight Swift, JB Hunt and ArcBestSee more from Benzinga * Solving The Recurring Problem Of Mobile Workforce Optimization * Autonomous Trucking Startup Plus.ai Reportedly Seeking M * Commentary: Combine Optimization, Machine Learning And Simulation To Move Freight(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/17/2020
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Marten Transport, Ltd. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Marten Transport, Ltd. in conjunction with their 2020 Q2 earnings call..
- 07/17/2020
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The Zacks Analyst Blog Highlights: Marten Transport, Canadian National Railway, TFI International, Canadian Pacific Railway and Werner Enterprises
- The Zacks Analyst Blog Highlights: Marten Transport, Canadian National Railway, TFI International, Canadian Pacific Railway and Werner Enterprises
- 07/17/2020
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Marten Rides Dedicated Division To A Strong Quarter
- Marten Transport, Ltd. (NASDAQ: MRTN) has reported a strong second quarter, with a significant operating ratio increase in both its dedicated and truckload segments. The improvement in OR for the company overall was 250 basis points to 88.1% from 90.6%. The gains in the company's truckload and dedicated divisions were offset in part by deterioration in the company's intermodal and brokerage divisions. The truckload OR was up to 88.3% from 91.6%, or 330 basis points, while dedicated rose to 84.8% from 88.5%, 270 basis points.Overall, the company's operating revenue in the quarter was essentially flat, rising just 0.1% to $85.96 million. Marten's gain in operating revenue came mostly out of its dedicated division, where operating revenue net of fuel rose 19.4% to $67 million. Meanwhile, operating revenue in the truckload division net of fuel rose to $85.96 million, up from $83.21 million, a gain of 3.3%. The bottom line at the company was operating income of $25.25 million, up from $19.9 million in the second quarter of 2019. Net income was up to $18.13 million from $15.19 million.There has been a significant focus for all companies, not just trucking, on liquidity. Marten appears to be in strong shape on that front. It ended the quarter with $75.3 million in cash, up from $31.46 million at the end of last year.Marten does not have a call with investors to discuss its earnings.Stock split, dividend maintenance means a 50% effective jump in payoutMarten also announced that it was splitting its stock 3-for-2. It is holding its dividend payout at 4 cents per share per quarter, and Marten described the combination of the split and the maintenance of the dividend as effectively a 50% increase in the dividend payout.Among the operating highlights in the Marten release:View more earnings on MRTN— Marten saw an increase in salaries, wages and benefits to $73.47 million from $68.61 million, a gain of 7%. However, it kept purchased transportation in check, declining to $36.1 million from $38.66 million. Total operating expenses dropped to $187.1 million from $192.1 million, a decline that was less than the roughly $10 million drop it saw in its fuel expenses.— Dedicated has been a strong division for Marten in recent quarters. The operating income of the group rose to $11.45 million from $7.7 million a year ago, an increase of 48.7%. Operating revenue for the group rose to $67 million, an increase of 19.4%, net of fuel revenue. To illustrate how much the dedicated group has grown in prominence in the company, in the third quarter of 2018, which included a once-in-a-lifetime freight market, dedicated revenue (net of fuel) was 60% of the revenue of the truckload division. In the second quarter of this year, it was 78%. The dedicated segment saw its miles driven jump to 33.174 million from 27.198 million, an increase of almost 22%. That helped offset the average revenue per tractor per week dropping to $3,314 from $3,460.— Truckload revenue edged down to $94.2 million from $96 million. Average revenue per tractor per week was down to $3,829 from $3,876. Nonrevenue miles percentage declined to 10.9% from 11.1%, and total miles driven rose to 42.83 million from 39 million. — Brokerage revenue fell by roughly $6 million, to $22.456 million from $28.455 million, a drop of 21%. Loads plunged to 15,280 from 16,185.More articles by John KingstonHeartland Express numbers for the second quarter beat projectionsMarten's dedicated division keeps company steady overall in third quarterTruckload down, dedicated up in Marten's fourth quarterSee more from Benzinga * US-Canada Border Closure Extended To Aug. 21 * J.B. Hunt Handily Beats 2Q Expectations * Drilling Deep: The first in-person industry meeting of the COVID era(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/16/2020
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Marten Transport Announces Second Quarter Results and Declares Three-for-Two Stock Split and Regular Quarterly Dividend With a 50% Increase in Cash Payout
- MONDOVI, Wis., July 16, 2020 -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 19.4% improvement in net income to $18.1 million, or 33 cents per diluted share, for.
- 07/16/2020
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Marten Rides Dedicated Division To A Strong Quarter
- Marten Transport, Ltd. (NASDAQ: MRTN) has reported a strong second quarter, with a significant operating ratio increase in both its dedicated and truckload segments.
The...
- 07/16/2020
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Why Earnings Season Could Be Great for Marten Transport (MRTN)
- Marten Transport (MRTN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/15/2020
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Diversified Trust Co Purchases Shares of 9,042 Marten Transport, Ltd (NASDAQ:MRTN)
- Diversified Trust Co purchased a new stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,042 shares of the transportation company’s stock, valued at approximately $227,000. A number of other hedge funds and other institutional […]
- 07/11/2020
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Guggenheim Capital LLC Has $480,000 Holdings in Marten Transport, Ltd (NASDAQ:MRTN)
- Guggenheim Capital LLC cut its position in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 41.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,373 shares of the transportation company’s stock after selling 16,283 shares during the quarter. Guggenheim Capital LLC’s holdings in Marten […]
- 07/11/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Sold by Squarepoint Ops LLC
- Squarepoint Ops LLC trimmed its stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 33.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,932 shares of the transportation company’s stock after selling 9,048 shares during the quarter. Squarepoint Ops LLC’s holdings in Marten Transport […]
- 07/04/2020
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Geelong wary of new Suns gun Rowell
- Rowell this week became the first player since Josh Kennedy in 2012 to poll perfect scores in three straight matches.
- 06/30/2020
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Geelong wary of new AFL gun Rowell
- Geelong will pay close attention to Gold Coast sensation Matt Rowell in Saturday's AFL clash at GMHBA Stadium.
- 06/29/2020
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Eagles unfazed by AFL uncertainty
- Already impacted heavily, Queensland-hub-based West Coast are viewing a last-minute change to their AFL schedule as just another COVID-19 challenge.
- 06/29/2020
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Fixture chaos: Eagles clash moved after Vic travel ban
- UPDATE: West Coast’s round five clash with Richmond has been postponed following a second wave of coronavirus cases in Victoria, with the Eagles now set to face Sydney on Saturday.
- 06/28/2020
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Marten Transport, Ltd (MRTN): Are Hedge Funds Right About This Stock?
- In this article you are going to find out whether hedge funds think Marten Transport, Ltd (NASDAQ:MRTN) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/28/2020
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Don't Buy Falling Financials, Buy These Stocks Instead
- Stress test results put the brakes on banking stocks. Healthcare and technology are better sectors for alpha-generating ideas. Top stocks to add to watch lists
- 06/27/2020
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Don't Buy Falling Financials, Buy These Stocks Instead
- Stress test results put the brakes on banking stocks. Healthcare and technology are better sectors for alpha-generating ideas. Top stocks to add to watch lists
- 06/26/2020
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Zacks: Brokerages Anticipate Marten Transport, Ltd (NASDAQ:MRTN) Will Post Quarterly Sales of $207.85 Million
- Brokerages forecast that Marten Transport, Ltd (NASDAQ:MRTN) will report $207.85 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Marten Transport’s earnings, with the highest sales estimate coming in at $210.70 million and the lowest estimate coming in at $205.00 million. Marten Transport reported sales of $212.09 million […]
- 06/24/2020
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Marten Transport (NASDAQ:MRTN) Upgraded by Zacks Investment Research to Hold
- Zacks Investment Research upgraded shares of Marten Transport (NASDAQ:MRTN) from a sell rating to a hold rating in a research report released on Thursday morning, Zacks.com reports. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and […]
- 06/22/2020
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The Best Stocks To Buy On Down Days
- Risk/reward shifts back to neutral, suggesting volatility will continue through the end of the quarter. Healthcare and technology are top sectors to buy on sale
- 06/21/2020
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AFL 2020, round 3 | Brisbane Lions defeat West Coast Eagles as hub horrorshow continues
- Premiership fancy West Coast’s AFL quarantine hub experience isn’t getting any better.
- 06/20/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Acquired by M&T Bank Corp
- M&T Bank Corp lifted its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 38.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,773 shares of the transportation company’s stock after acquiring an additional 6,308 shares during the quarter. M&T Bank Corp’s holdings in Marten […]
- 06/18/2020
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Rowell commits long-term future to Suns
- Football's hottest young prospect has confirmed reports he is set to re-sign with the Gold Coast AFL club.
- 06/17/2020
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Rowell committed to Suns long-term
- AFL Rising Star favourite Matt Rowell is expected to follow a host of fellow young guns in committing his long-term future to Gold Coast.
- 06/16/2020
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Rowell close to inking Gold Coast extension
- Number one draft pick Matt Rowell confirms he’s close to signing a contract extension with Gold Coast after his stunning performance against West Coast earned him a Rising Star nomination.
- 06/16/2020
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MARTEN TRANSPORT, LTD. : Ex-dividend day for | MarketScreener
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MARTEN TRANSPORT, LTD. : Détachement de dividende | Zone bourse
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Sportwatch: AFL and NRL 2020 season restarts continue – live!
- Rolling report: Saturday sport returns to some kind of normality with full AFL and NRL schedules this weekend. Join Jonathan Howcroft for updates
- 06/13/2020
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The Top Stocks To Buy On A Crash
- Growing volatility creates opportunities in the best stocks and sectors. Healthcare and technology remain top sectors to buy. Here are the best stocks to buy in
- 06/12/2020
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Victory Capital Management Inc. Acquires 244,390 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Victory Capital Management Inc. lifted its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 9.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,751,544 shares of the transportation company’s stock after purchasing an additional 244,390 shares during the period. Victory Capital Management Inc. owned about […]
- 06/10/2020
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Why Nic Nat can ruck solo for West Coast
- The All-Australian ruckman worked alongside Tom Hickey in round one, but Hurn said it was clear to everyone that Naitanui was now significantly fitter
- 06/10/2020
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The Strongest Stocks To Buy Now
- Risk of a 3% to 5% correction is increasing. Here's what you can do to position yourself now. The best sectors and stocks to buy.
- 06/06/2020
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Beware Anchoring Bias: Top Stocks Now
- Focus more on businesses and less on anchoring to past prices. Uncertainty is increasing with the S&P 500 in no man's land. The best sectors across large cap, m
- 06/02/2020
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Stocks That Hit 52-Week Highs On Thursday
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The Best Stocks To Buy Now
- Stock picking is becoming critical. Focus on healthcare and technology. Here are the top stocks to buy now.
- 05/22/2020
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Loop Capital Downgrades Marten Transport to Hold, Announces $26 Price Target
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Does Marten Transport's (NASDAQ:MRTN) Share Price Gain of 83% Match Its Business Performance?
- When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...
- 05/11/2020
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The Top Stocks To Buy Now
- Individual stock picking is increasingly important. Continue to concentrate on healthcare and technology. Here are the top stocks to buy now.
- 05/09/2020
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KeyBanc Maintains Overweight on Marten Transport, Raises Price Target to $27
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Stocks That Hit 52-Week Highs On Wednesday
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MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share of common stock. This is Marten’s 40th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $90.3 million in cash dividends, including special dividends totaling $52.1 million in 2019 and 2012, since the dividend program was implemented in the third quarter of 2010.
- 05/05/2020
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Stocks That Hit 52-Week Highs On Tuesday
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Make Or Break Moment: Best Stocks Now
- Stock market headwinds emerging at resistance. Stock picking is key given uncertainty. Here are the top stocks to buy now.
- 05/04/2020
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Did You Miss Marten Transport’s (NASDAQ:MRTN) 73% Share Price Gain?
- Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
- 05/02/2020
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James J. Hinnendael Sells 17,600 Shares of Marten Transport, Ltd (NASDAQ:MRTN) Stock
- Marten Transport, Ltd (NASDAQ:MRTN) CFO James J. Hinnendael sold 17,600 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $23.20, for a total value of $408,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at […]
- 05/02/2020
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Marten Transport (MRTN) Chairman of the Board and CEO Randolph L Marten Sold $766,596 of Shares
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Zacks Investment Research Upgrades Marten Transport (NASDAQ:MRTN) to Hold
- Marten Transport (NASDAQ:MRTN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes […]
- 04/29/2020
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Stocks That Hit 52-Week Highs On Tuesday
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Marten Transport (NASDAQ:MRTN) Stock Rating Lowered by Zacks Investment Research
- Zacks Investment Research downgraded shares of Marten Transport (NASDAQ:MRTN) from a hold rating to a sell rating in a research report released on Tuesday morning, Zacks.com reports. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and […]
- 04/25/2020
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A Look At The Intrinsic Value Of Marten Transport, Ltd. (NASDAQ:MRTN)
- Today we will run through one way of estimating the intrinsic value of Marten Transport, Ltd. (NASDAQ:MRTN) by...
- 04/20/2020
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Calculating The Fair Value Of Marten Transport, Ltd. (NASDAQ:MRTN)
- Today we will run through one way of estimating the intrinsic value of Marten Transport, Ltd. (NASDAQ:MRTN) by taking...
- 04/20/2020
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Ladenburg Thalmann Financial Services Inc. Has $150,000 Position in Marten Transport, Ltd (NASDAQ:MRTN)
- Ladenburg Thalmann Financial Services Inc. lowered its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,085 shares of the transportation company’s stock after selling 545 shares during the period. Ladenburg Thalmann […]
- 04/20/2020
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KeyCorp Comments on Marten Transport, Ltd's Q2 2020 Earnings (NASDAQ:MRTN)
- Marten Transport, Ltd (NASDAQ:MRTN) – Equities research analysts at KeyCorp cut their Q2 2020 earnings per share (EPS) estimates for Marten Transport in a report released on Thursday, April 16th. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $0.22 per share for the quarter, down from their prior forecast of $0.26. […]
- 04/20/2020
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Geode Capital Management LLC Purchases 60,073 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Geode Capital Management LLC grew its position in Marten Transport, Ltd (NASDAQ:MRTN) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 664,636 shares of the transportation company’s stock after purchasing an additional 60,073 shares during the quarter. Geode Capital Management […]
- 04/18/2020
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Alliancebernstein L.P. Has $1.11 Million Stake in Marten Transport, Ltd (NASDAQ:MRTN)
- Alliancebernstein L.P. increased its holdings in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,572 shares of the transportation company’s stock after purchasing an additional 1,400 shares during the quarter. Alliancebernstein L.P. owned approximately 0.09% of […]
- 04/18/2020
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Updated: Marten's Dedicated Division Keeps Company Steady Overall In First Quarter
- (Adding analyst comments from KeyBank)Marten Transport, Ltd. (NASDAQ: MRTN) rode a strong first-quarter performance in its Dedicated division to net income slightly higher than the corresponding quarter of 2019, but with the company's operating revenue and operating income both rising more significantly than net income. The operating ratio in the company's Truckload, Brokerage and Intermodal divisions was down in all three segments. But the Dedicated division turned in a strong enough performance to offset those declines.Net income for Marten came in at 25 cents per share, flat with last year's first quarter on a dollar gain of just $172,000. But operating revenue of $218.6 million was up 9.8% from Q1 2009.That revenue total beat estimates by $11.1 million, according to SeekingAlpha. The EPS figure of 25 cents came in 1 cent more than estimates for that metric.Investors liked the earnings. Post-close, according to Barchart, Marten stock was up 4.37% to $22.20 at approximately 5 p.m. It had risen 3.25% to $21.27 earlier in the day. In the past month, through trading Thursday, Marten stock was up 25.12% Its high during that period was $23.03.The Dedicated division had a strong quarter. Revenue net of fuel surcharge was up 31.1% to $64.15 million. Its operating income climbed 54.7% to $8.533 million, an increase of just over $3 million from the first quarter of 2019. Dedicated's operating ratio strengthened to 88.6% from 90.4% in Q1 2019.The Dedicated division took care of all the good news coming out of Marten. Operating income in the Truckload division declined 10.2% to $6.785 million. Its operating ratio weakened 110 basis points to 92.9%. But the Truckload division was busy; its revenue was up 4.6% net of fuel surcharge, and total miles rose 10.21% to just over 41 million miles. Analyst coverage on Marten is scarce. But the transportation team at KeyBank of Todd Fowler and Zach Haggerty did issue a report that was mostly positive after a call with Marten management following the earnings release.View more earnings on MRTNMarten's earnings reported that insurance and claims expenses had risen to $12.28 million from $9.875 million in the first quarter of 2019. But based on the call with Marten management, KeyBank said those expenses are "expected to normalize" going forward.KeyBank described Marten's conversations with management as reviewing a "fluid environment...with elevated demand at certain accounts compensating for softness at others."There will be offsetting trends going forward, KeyBank said, with the "pull forward" of stuck building by consumers easing but offset in part by some resumption of economic activity elsewhere.Although the Dedicated division did have a strong quarter, "near-term additions may moderate as shutdowns more fully materialize.""Overall, commentary was a touch better than expected with benefits from relatively stable end markets and dedicated exposure," KeyBank said.The bank did reduce its estimates on earnings going forward. Its full-year estimate for 2020 has been cut to 90 cts per share, down from $1.05 while 2021 was cut to $1.05 from $1.15. But KeyBank's share price target remains $24.The smaller Intermodal and Brokerage divisions also were pointing down. Operating income at Intermodal fell sharply to $1.3 million, a drop of 45.4%. Loads were up to 9,737 from 9,251, but the operating ratio rose significantly, to 94.5% from 89.6%.Brokerage's OR climbed to 94.3% from 91.5%. Its operating income plummeted to $1.4 million, a decline of 37.9% on a revenue decline of 6.8%.Marten does not hold a call with analysts, and a call by FreightWaves to Marten for further comment had not been answered by publication time. But in the company's press release accompanying the earnings, Marten Chairman and CEO Randolph Marten focused on the company's drivers and the Dedicated division."We added 101 Dedicated and 73 Truckload tractors during the first quarter on top of our growth of 329 Dedicated and 101 Truckload tractors throughout 2019, all while further tightening our stringent hiring standards for experienced drivers," Marten said in the statement. "We embrace our responsibility to keep our valued employees safe and healthy as they each contribute to our transporting and distributing the food, beverages and other consumer goods essential to millions of people in North America."A few other highlights from the earnings: * Marten grew its cash position significantly during the quarter. It rose to $36.13 million at the end of March, up from $31.46 million at the end of December. * Accounts payable rose sharply, to $34.8 million from $22.9 million, a jump of almost 52%. The $34.8 million figure is higher than any other quarter in 2019. But it's not extraordinary; Marten listed accounts payable at $43.87 million at the end of 2018 and $38.1 million at the end of 2017. * Salary expenses rose significantly, to $65.92 million from $59.38 million, a gain of 11%. Purchased transportation also rose, up 17.8% to $38.67 million.(Correction: the operating income for the Intermodal division was reported incorrectly in the first publication of this story.)Latest Ratings for MRTN DateFirmActionFromTo Apr 2020Stephens & Co.UpgradesEqual-WeightOverweight Mar 2020Loop CapitalInitiates Coverage OnBuy Mar 2020KeyBancMaintainsOverweight View More Analyst Ratings for MRTN View the Latest Analyst RatingsSee more from Benzinga * Kansas City Southern Reports Record Quarterly Revenue * Air Forwarders Want Financial Relief In Next Federal Aid Package * Coronavirus In The Caribbean: Container Hubs In Crosshairs(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/17/2020
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Marten Transport +3.6% post Q1 results
- Marten Transport (MRTN +3.6%) reports Q1 revenue growth of 9.9% Y/Y to 218.7M.Segment revenue: Truckload $95.1M (+3.7% Y/Y); Dedicated $75M (+30% Y/Y); Intermodal $23.7M (+3.1% Y/Y) & Brokerage of
- 04/17/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Expected to Announce Quarterly Sales of $204.40 Million
- Equities research analysts forecast that Marten Transport, Ltd (NASDAQ:MRTN) will post sales of $204.40 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Marten Transport’s earnings. The highest sales estimate is $209.80 million and the lowest is $199.00 million. Marten Transport posted sales of $199.02 million during […]
- 04/17/2020
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Recap: Marten Transport Q1 Earnings
- Marten Transport (NASDAQ:MRTN) reported Q1 results on Thursday afternoon.
Quarterly Results
Earnings per share were unchanged year over year to $0.25, which beat the estimate...
- 04/16/2020
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Marten Transport Q1 EPS $0.250 Beats $0.240 Estimate, Sales $218.650M Beat $208.250M Estimate
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Marten Transport Announces First Quarter Results
- MONDOVI, Wis., April 16, 2020 -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 1.3% improvement in net income to $13.7 million, or 25 cents per diluted share, for.
- 04/16/2020
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Marten Transport Announces First Quarter Results
- MONDOVI, Wis., April 16, 2020 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 1.3% improvement in net income to $13.7...
- 04/16/2020
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Fly Intel: After-Hours Movers ISRG;MRTN;WAL;INSE;WORX;GILD;PLNT;MRNA;HTZ;CCL;BA;JWN;RIG;UBER;FUN;TGT;AMWD;CUTR
- Fly Intel: After-Hours Movers ISRG MRTN WAL INSE WORX GILD PLNT MRNA HTZ CCL BA JWN RIG UBER FUN TGT AMWD CUTR
- 04/16/2020
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Marten Transport reports Q1 EPS 25c, consensus 24c MRTN
- Marten Transport reports Q1 EPS 25c, consensus 24c MRTN
- 04/16/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Sees Significant Growth in Short Interest
- Marten Transport, Ltd (NASDAQ:MRTN) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,230,000 shares, an increase of 41.8% from the March 15th total of 867,200 shares. Based on an average trading volume of 238,400 shares, the days-to-cover ratio is […]
- 04/16/2020
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Earnings Scheduled For April 16, 2020
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Marten Transport Q1 2020 Earnings Preview
- Marten Transport (NASDAQ:MRTN) is scheduled to announce Q1 earnings results on Thursday, April 16th, after market close.The consensus EPS Estimate is $0.24 (-4.0% Y/Y) and the consensus Revenue Estima
- 04/15/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Acquired by Bank of America Corp DE
- Bank of America Corp DE increased its holdings in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,514 shares of the transportation company’s stock after buying an additional 7,195 shares during the period. Bank […]
- 04/15/2020
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$0.25 Earnings Per Share Expected for Marten Transport, Ltd (NASDAQ:MRTN) This Quarter
- Analysts expect that Marten Transport, Ltd (NASDAQ:MRTN) will report earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Marten Transport’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. Marten Transport also reported earnings per […]
- 04/15/2020
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Analysts say these are their best ideas during the pandemic, including McDonald's and Disney
- Wall Street analysts named their best ideas to buy during the coronavirus pandemic and economic downturn.
- 04/11/2020
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MARTEN TRANSPORT ANNUAL MEETING OF STOCKHOLDERS TO BE HELD AS A VIRTUAL MEETING
- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of the Company’s employees, stockholders and the community, its 2020 Annual Meeting of Stockholders will now be held over the web in a virtual meeting format only. Stockholders will not be able to attend the meeting in person. Stockholders who owned shares at the close of business on the record date of March 9, 2020 are entitled to attend, participate and vote at the Annual Meeting.
- 04/09/2020
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Marten Transport Target of Unusually High Options Trading (NASDAQ:MRTN)
- Marten Transport, Ltd (NASDAQ:MRTN) saw unusually large options trading activity on Wednesday. Stock investors acquired 1,149 call options on the stock. This is an increase of approximately 2,028% compared to the average volume of 54 call options. Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Marten Transport from a […]
- 04/09/2020
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Marten Transport Target of Unusually Large Options Trading (NASDAQ:MRTN)
- Marten Transport, Ltd (NASDAQ:MRTN) saw unusually large options trading activity on Wednesday. Traders acquired 1,149 call options on the stock. This represents an increase of 2,028% compared to the average volume of 54 call options. MRTN has been the subject of a number of analyst reports. BidaskClub lowered Marten Transport from a “buy” rating to […]
- 04/09/2020
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Marten Transport (MRTN) Scheduled to Post Quarterly Earnings on Thursday
- Marten Transport (NASDAQ:MRTN) will be releasing its earnings data after the market closes on Thursday, April 16th. Analysts expect Marten Transport to post earnings of $0.25 per share for the quarter. Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.29 earnings per share for the quarter, […]
- 04/09/2020
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Marten Transport (NASDAQ:MRTN) Is Growing Earnings But Are They A Good Guide?
- As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
- 04/08/2020
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Cubist Systematic Strategies LLC Boosts Stock Holdings in Marten Transport, Ltd (NASDAQ:MRTN)
- Cubist Systematic Strategies LLC grew its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 100.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,663 shares of the transportation company’s stock after purchasing an additional 17,379 shares during the period. Cubist Systematic Strategies LLC […]
- 04/08/2020
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AQR Capital Management LLC Reduces Stock Holdings in Marten Transport, Ltd (NASDAQ:MRTN)
- AQR Capital Management LLC lowered its position in Marten Transport, Ltd (NASDAQ:MRTN) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,006 shares of the transportation company’s stock after selling 7,124 shares during the quarter. AQR Capital Management LLC owned about […]
- 04/07/2020
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's Top Upgrades, Downgrades For April 6, 2020
- Upgrades
For Cinemark Holdings Inc (NYSE: CNK), B. Riley FBR upgraded the stock from Neutral to Buy. For the fourth quarter, Cinemark Hldgs had an EPS of $0.22,...
- 04/06/2020
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Stephens names Marten Transport as Best Idea, replacing Schneider National MRTN;SNDR
- Stephens names Marten Transport as Best Idea, replacing Schneider National Stephens MRTN SNDR
- 04/06/2020
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Marten Transport (NASDAQ:MRTN) Upgraded to Overweight by Stephens
- Marten Transport (NASDAQ:MRTN) was upgraded by stock analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Briefing.com Automated Import reports. The firm presently has a $22.00 target price on the transportation company’s stock, down from their previous target price of $23.00. Stephens’ target price indicates […]
- 04/06/2020
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Marten Transport upgraded to Overweight from Equal Weight at Stephens MRTN
- Marten Transport upgraded to Overweight from Equal Weight at Stephens Stephens MRTN
- 04/06/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Sold by Credit Suisse AG
- Credit Suisse AG reduced its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,060 shares of the transportation company’s stock after selling 5,750 shares during the period. Credit Suisse AG’s holdings in […]
- 04/06/2020
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Stephens & Co. Upgrades Marten Transport to Overweight, Lowers Price Target to $22
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Goldman Sachs Group Inc. Increases Stake in Marten Transport, Ltd (NASDAQ:MRTN)
- Goldman Sachs Group Inc. lifted its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 16.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 519,046 shares of the transportation company’s stock after purchasing an additional 71,772 shares during the quarter. Goldman Sachs Group Inc. owned about […]
- 04/05/2020
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Guggenheim Capital LLC Acquires 1,612 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Guggenheim Capital LLC lifted its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,656 shares of the transportation company’s stock after buying an additional 1,612 shares during the quarter. Guggenheim Capital LLC owned about 0.07% of […]
- 04/04/2020
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Bank of New York Mellon Corp Has $32.45 Million Holdings in Marten Transport, Ltd (NASDAQ:MRTN)
- Bank of New York Mellon Corp cut its stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,510,030 shares of the transportation company’s stock after selling 55,431 shares during the period. Bank of […]
- 04/03/2020
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6 Transportation Stocks Growing Earnings
- These companies also have a high margin of safety Continue reading...
- 04/01/2020
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6 Transportation Stocks Growing Earnings
- 6 Transportation Stocks Growing Earnings, Stocks: TFII,RYAAY,PAC,ODFL,NSC,MRTN, release date:Apr 01, 2020
- 04/01/2020
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Loop Capital Initiates Coverage on Marten Transport (NASDAQ:MRTN)
- Stock analysts at Loop Capital assumed coverage on shares of Marten Transport (NASDAQ:MRTN) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $26.00 price target on the transportation company’s stock. Loop Capital’s price objective would suggest a potential upside of 26.71% from the […]
- 04/01/2020
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6 Transportation Stocks Growing Earnings
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Marten Transport initiated with a Buy at Loop Capital MRTN
- Marten Transport initiated with a Buy at Loop Capital Loop Capital MRTN
- 03/31/2020
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Loop Capital Initiates Coverage On Marten Transport with Buy Rating, Announces Price Target to $26
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Marten Transport initiated with a Buy at Loop Capital MRTN
- Marten Transport initiated with a Buy at Loop Capital Loop Capital MRTN
- 03/30/2020
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Is There Now An Opportunity In Marten Transport, Ltd. (NASDAQ:MRTN)?
- Marten Transport, Ltd. (NASDAQ:MRTN), which is in the transportation business, and is based in United States, received...
- 03/29/2020
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Marten Transport (NASDAQ:MRTN) Shares Down 9.9% Following Analyst Downgrade
- Shares of Marten Transport, Ltd (NASDAQ:MRTN) traded down 9.9% during trading on Friday after KeyCorp lowered their price target on the stock from $25.00 to $24.00. KeyCorp currently has an overweight rating on the stock. Marten Transport traded as low as $18.03 and last traded at $18.48, 535,502 shares traded hands during mid-day trading. An […]
- 03/28/2020
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Don't Chase The Sugar High
- The short- and long-term outlook is good, but mid-term risks are high. Here's what you can do now. Top sectors and stocks you ought to be considering for portfo
- 03/27/2020
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KeyBanc Maintains Overweight on Marten Transport, Lowers Price Target to $24
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Marten Transport (NASDAQ:MRTN) Lowered to Hold at Zacks Investment Research
- Marten Transport (NASDAQ:MRTN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and distributing food […]
- 03/26/2020
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Thomas J. Winkel Sells 6,250 Shares of Marten Transport, Ltd (NASDAQ:MRTN) Stock
- Marten Transport, Ltd (NASDAQ:MRTN) Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $17.80, for a total value of $111,250.00. Following the completion of the sale, the director now directly owns 29,741 shares of the company’s stock, valued […]
- 03/26/2020
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$207.65 Million in Sales Expected for Marten Transport, Ltd (NASDAQ:MRTN) This Quarter
- Analysts forecast that Marten Transport, Ltd (NASDAQ:MRTN) will post sales of $207.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Marten Transport’s earnings. The lowest sales estimate is $201.80 million and the highest is $213.50 million. Marten Transport posted sales of $199.02 million during the same quarter […]
- 03/25/2020
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Marten Transport (NASDAQ:MRTN) Trading 8.5% Higher
- Marten Transport, Ltd (NASDAQ:MRTN)’s share price traded up 8.5% during trading on Monday . The stock traded as high as $18.71 and last traded at $18.34, 446,627 shares traded hands during mid-day trading. An increase of 115% from the average session volume of 207,999 shares. The stock had previously closed at $16.90. Several equities research […]
- 03/24/2020
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Algert Global LLC Purchases 57,868 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Algert Global LLC increased its position in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 115.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,791 shares of the transportation company’s stock after acquiring an additional 57,868 shares during the period. Marten Transport comprises about 0.7% […]
- 03/24/2020
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Analysts Expect Marten Transport, Ltd (NASDAQ:MRTN) Will Post Earnings of $0.25 Per Share
- Equities research analysts predict that Marten Transport, Ltd (NASDAQ:MRTN) will post $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Marten Transport’s earnings. Marten Transport also posted earnings per share of $0.25 in the same quarter last year. The company is expected to report its next […]
- 03/23/2020
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Bad Week Gets Worse as Morning Rally Falters
- Bad Week Gets Worse as Morning Rally Falters
- 03/21/2020
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Citigroup Inc. Increases Stock Position in Marten Transport, Ltd (NASDAQ:MRTN)
- Citigroup Inc. lifted its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 90.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,724 shares of the transportation company’s stock after purchasing an additional 22,239 shares during the period. Citigroup Inc. owned about 0.09% of Marten Transport worth $1,004,000 at […]
- 03/18/2020
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Top Stock Picks for Week of March 16, 2020
- Two Stocks to Consider for the Stay At Home Economy.
- 03/17/2020
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Top Stock Picks for Week of March 16, 2020
- Two Stocks to Consider for the Stay At Home Economy.
- 03/17/2020
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Envestnet Asset Management Inc. Has $2.77 Million Stock Position in Marten Transport, Ltd (NASDAQ:MRTN)
- Envestnet Asset Management Inc. reduced its position in Marten Transport, Ltd (NASDAQ:MRTN) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 128,910 shares of the transportation company’s stock after selling 15,330 shares during the period. Envestnet Asset Management Inc. owned about 0.24% of Marten Transport worth […]
- 03/17/2020
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Top Stock Picks for Week of March 16, 2020
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A Trio of High-Quality Stocks for the Value Investor
- A Trio of High Quality Stocks for the Value Investor, Stocks: GNTX,EXPO,MRTN, release date:Mar 16, 2020
- 03/16/2020
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A Trio of High Quality Stocks for the Value Investor
- A Trio of High Quality Stocks for the Value Investor, Stocks: GNTX,EXPO,MRTN, release date:Mar 16, 2020
- 03/16/2020
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A Trio of High Quality Stocks for the Value Investor
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How Did Marten Transport, Ltd.’s (NASDAQ:MRTN) 10% ROE Fare Against The Industry?
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 03/15/2020
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Bank of Montreal Can Purchases 48,286 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Bank of Montreal Can lifted its position in Marten Transport, Ltd (NASDAQ:MRTN) by 292.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,812 shares of the transportation company’s stock after buying an additional 48,286 shares during the period. Bank […]
- 03/12/2020
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Atria Investments LLC Buys 1,083 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Atria Investments LLC increased its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,798 shares of the transportation company’s stock after buying an additional 1,083 shares during the quarter. Atria Investments LLC’s […]
- 03/12/2020
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Fmr LLC Sells 40,756 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Fmr LLC reduced its position in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 636,593 shares of the transportation company’s stock after selling 40,756 shares during the period. Fmr LLC owned 1.16% of Marten […]
- 03/10/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Acquired by Charles Schwab Investment Management Inc.
- Charles Schwab Investment Management Inc. lifted its stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 397,827 shares of the transportation company’s stock after purchasing an additional 5,696 shares during the quarter. […]
- 03/10/2020
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PNC Financial Services Group Inc. Sells 77,107 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- PNC Financial Services Group Inc. lowered its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 91.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,155 shares of the transportation company’s stock after selling 77,107 shares during the quarter. PNC Financial Services Group Inc.’s […]
- 03/09/2020
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Weekly Summary Corporate dividends, name changes, new listings
- NEW YORK (AP) — Changes announced in corporate dividends Mar. 2-Mar. 6. INCREASED DIVIDENDS Acushnet Holdings .155 from .14 Alamos Gold Inc Cl A .015 from .01 Americold Realty Trust .21 from .20 Cabot Microelectronics .44 from .42 General Dynamics Corp 1.10 from 1.02 Globe Life Inc .1875 from .1725 Global Water Resources .2892 from .2386 Horace Mann Educators .30 from .2875 Kadant Inc .24 from .23 Kohls Corp .704 from .67 L3harris Technologies .85 from .75 Macquarie Global .42 from .37 Marten Transport .04 from .03 Old Republic Intl .21 from .20 Ross Stores .285 from .255 Saga Communications .32 from .30 Synovus Financial .33 from .30 Wyndham Destinations .50 from .45 SPECIAL DIVIDENDS Alleghany Corp 15.00 Camping World .08 Equitable pfd A .3837 Grupo Simec ADR .6793 Rand Capital 1.62 REDUCED DIVIDENDS AMC Entertainment Holding .03 from .20 Tecnoglass Inc .0275 from .14 Vector Group .20 from .40 INITIAL DIVIDENDS Red River Bancshares .06 g- Canadian funds OTHER CORPORATE NEWS AND LISTINGS: STOCK SPLITS THIS WEEK Midatech Pharma plc ADS 1 for 5 reverse split ACQUISITIONS AND MERGERS MINIMUM VALUE $350 MILLION Primo Water Corp - Cott Corp (775M) STOCKS REMOVED FROM TRADING NASDAQ GLOBAL AND GLOBAL SELECT MARKETS Old Second Bancorp Inc cumulative trust pfd stock Sanofi Contingent Value rights CORPORATE NAME CHANGES ChaSerg Technology Acquisition Corp to Grid Dynamics Holdings Inc ChaSerg Technology Acquisition Corp warrants to Grid Dynamics Holdings Inc warrants Cott Corp to Primo Water Corp Gardner Denver Holdings to...
- 03/06/2020
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Marten Transport management to meet with KeyBanc MRTN
- Marten Transport management to meet with KeyBanc MRTN
- 03/06/2020
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BidaskClub Downgrades Marten Transport (NASDAQ:MRTN) to Hold
- Marten Transport (NASDAQ:MRTN) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports. Separately, Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in […]
- 03/04/2020
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MARTEN TRANSPORT ANNOUNCES DIVIDEND INCREASE
- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a 33% increase in the Company’s regular quarterly cash dividend to $0.04 per share of common stock from $0.03 per share, beginning with the dividend payable on March 31, 2020 to stockholders of record at the close of business on March 17, 2020. This is Marten’s 39th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $88.1 million in cash dividends, including special dividends totaling $52.1 million in 2019 and 2012, since the dividend program was implemented in the third quarter of 2010.
- 03/03/2020
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MARTEN TRANSPORT ANNOUNCES DIVIDEND INCREASE
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Are Marten Transport, Ltd.’s (NASDAQ:MRTN) Returns On Investment Worth Your While?
- Today we'll look at Marten Transport, Ltd. (NASDAQ:MRTN) and reflect on its potential as an investment. To be precise...
- 03/02/2020
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Marten Transport (NASDAQ:MRTN) Lifted to "Buy" at BidaskClub
- BidaskClub upgraded shares of Marten Transport (NASDAQ:MRTN) from a hold rating to a buy rating in a research note released on Wednesday, BidAskClub reports. Separately, Zacks Investment Research raised shares of Marten Transport from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on […]
- 03/01/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Expected to Post Quarterly Sales of $207.65 Million
- Equities analysts forecast that Marten Transport, Ltd (NASDAQ:MRTN) will announce sales of $207.65 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Marten Transport’s earnings, with estimates ranging from $201.80 million to $213.50 million. Marten Transport posted sales of $199.02 million in the same quarter last year, which […]
- 03/01/2020
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M&T Bank Corp Buys 4,089 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- M&T Bank Corp raised its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,465 shares of the transportation company’s stock after acquiring an additional 4,089 shares during the quarter. M&T Bank Corp’s […]
- 02/29/2020
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Sportwatch: India qualify for T20 World Cup semis, Eagles get first AFLW win - as it happened
- Rolling report: Key wins in the A-League, AFLW, NBL, NRL Charity Shield and more across a packed weekend of Australian sport
- 02/29/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Sold by American International Group Inc.
- American International Group Inc. trimmed its position in Marten Transport, Ltd (NASDAQ:MRTN) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,290 shares of the transportation company’s stock after selling 752 shares during the quarter. American International Group Inc. owned approximately 0.05% […]
- 02/28/2020
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First Trust Advisors LP Sells 31,067 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- First Trust Advisors LP reduced its stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 23.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 101,648 shares of the transportation company’s stock after selling 31,067 shares during the period. First Trust Advisors LP’s holdings in Marten Transport were […]
- 02/24/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Sold by Oppenheimer Asset Management Inc.
- Oppenheimer Asset Management Inc. reduced its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,344 shares of the transportation company’s stock after selling 560 shares during the period. Oppenheimer Asset Management Inc. owned […]
- 02/21/2020
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Stocks That Hit 52-Week Highs On Friday
- Before 10 a.m. ET on Friday, 216 companies set new 52-week highs.
Noteworthy Mentions:
Home Depot (NYSE: HD) was the largest firm on a market cap basis to set a new 52-...
- 02/21/2020
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Stocks That Hit 52-Week Highs On Thursday
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Here’s How P/E Ratios Can Help Us Understand Marten Transport, Ltd. (NASDAQ:MRTN)
- This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- 02/19/2020
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Here's What Marten Transport, Ltd.'s (NASDAQ:MRTN) P/E Ratio Is Telling Us
- This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...
- 02/18/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Shares Bought by Russell Investments Group Ltd.
- Russell Investments Group Ltd. raised its position in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,759 shares of the transportation company’s stock after purchasing an additional 14,049 shares during the quarter. Russell Investments Group […]
- 02/18/2020
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Weak Rates And Excess Capacity Wreak Havoc On Fourth-Quarter Transport Earnings
- In the Chart of the Week, we take a look at fourth-quarter transportation earnings and dissect the underlying trends and takeaways. Overall, it was a rough quarter for nearly all transportation companies as the effects of continued excess capacity, an industrial recession, the trade war with China and stubbornly high cost inflation (primarily in wages and insurance) wreaked havoc on reported results. That being said, many transportation executives are hopeful of better times ahead, especially in the second half of 2020. We aggregated publicly traded companies from truckload, brokerage, LTL, rail and intermodal and compared their results across revenue, operating income, operating ratios (ORs) and earnings per share (EPS) to decipher any under- or outperformance in the quarter. Truckload Results Were Ugly, But Broad-Based Optimism Brewing For Improvement In 2020 On average, publicly traded truckload revenues were down 3.9% on a year-over-year basis (worse on a size-weighted basis), operating income was down 57%, operating ratios were up 5.6% to 93.7% and earnings were down 59%.
- 02/17/2020
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Sportwatch: AFLW, A-League, W-League, NRL Nines - as it happened
- Rolling report: round two of the AFLW season, plus A-League, W-League, NRL Nines and day three of the women’s Australian Open golf. Join Richard Parkin for updates
- 02/15/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Short Interest Down 11.6% in January
- Marten Transport, Ltd (NASDAQ:MRTN) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 981,000 shares, a decline of 11.6% from the January 15th total of 1,110,000 shares. Approximately 2.5% of the shares of the company are sold short. Based on […]
- 02/14/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Expected to Announce Quarterly Sales of $207.65 Million
- Wall Street brokerages expect Marten Transport, Ltd (NASDAQ:MRTN) to post $207.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Marten Transport’s earnings, with the lowest sales estimate coming in at $201.80 million and the highest estimate coming in at $213.50 million. Marten Transport reported sales of […]
- 02/12/2020
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TFI International Seeks U.S. IPO To Pay Down Debt
- TFI International has filed to raise $199 million in a U.S. IPO. The firm provides a range of truck-based cargo transportation services to organizations in Nort
- 02/11/2020
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BidaskClub Upgrades Marten Transport (NASDAQ:MRTN) to "Hold"
- BidaskClub upgraded shares of Marten Transport (NASDAQ:MRTN) from a sell rating to a hold rating in a research report sent to investors on Tuesday, BidAskClub reports. Separately, Zacks Investment Research upgraded shares of Marten Transport from a hold rating to a buy rating and set a $23.00 price target for the company in a research […]
- 02/08/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Short Interest Up 21.0% in January
- Marten Transport, Ltd (NASDAQ:MRTN) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,110,000 shares, a growth of 21.0% from the December 31st total of 917,000 shares. Currently, 2.9% of the shares of the company are short sold. Based on […]
- 01/30/2020
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Marten Transport (NASDAQ:MRTN) Upgraded at Zacks Investment Research
- Marten Transport (NASDAQ:MRTN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The firm presently has a $23.00 price objective on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.75% from the company’s current price. […]
- 01/29/2020
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KeyCorp Weighs in on Marten Transport, Ltd's Q1 2020 Earnings (NASDAQ:MRTN)
- Marten Transport, Ltd (NASDAQ:MRTN) – Stock analysts at KeyCorp issued their Q1 2020 EPS estimates for shares of Marten Transport in a note issued to investors on Thursday, January 23rd. KeyCorp analyst T. Fowler expects that the transportation company will post earnings of $0.25 per share for the quarter. KeyCorp also issued estimates for Marten […]
- 01/29/2020
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Weekly Finance Report: Earnings Season In Session
- During earnings season, FreightWaves will be covering many companies across all modes, as well as shippers and retailers. Each week we will recap the most interesting company earnings and any merger-and-acquisition activity in the past seven days. Take a look at the past week's finance recap: Earnings Truckload Heartland Express (NASDAQ: HTLD ) — 1/23/20 Heartland Express earnings miss partly related to recent acquisition HTLD operates at industry-leading efficiency with annual operating ratio (OR) levels typically well below 90%. This year was no different — Heartland remained below 90%, but its OR was 14.6% higher year-over-year due to the acquisition of Millis Transfer, which operated at a 90%-plus OR prior to the deal. 2019 was a year of strong top-line growth for HTLD — revenue up 13.8% — but earnings per share were down over 40% year-over-year. Marten Transport (NASDAQ: MRTN ) — 1/23/20 Truckload down, Dedicated up in Marten's fourth quarter Marten Transport rode strong results in its Dedicated and Brokerage divisions to post net income for the fourth quarter of 2019 that was stable for the period.
- 01/27/2020
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Marten Transport, Ltd. Yearly Results: Here’s What Analysts Are Forecasting For Next Year
- Last week, you might have seen that Marten Transport, Ltd. (NASDAQ:MRTN) released its yearly result to the market. The...
- 01/27/2020
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Here's What Analysts Are Forecasting For Marten Transport, Ltd. After Its Yearly Results
- Last week, you might have seen that Marten Transport, Ltd. (NASDAQ:MRTN) released its full-year result to the market...
- 01/27/2020
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Marten Transport reports highest operating revenue and operating income till date
- Marten Transport (MRTN -1.3%) reports Q4 revenue growth of 6.5% Y/Y to 217.2M.Segment revenue: Truckload $95.3M (+1.4% Y/Y); Dedicated $70.9M (+19.6% Y/Y); Intermodal $24.5M (-5.8% Y/Y) & Brokerag
- 01/24/2020
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Truckload Down, Dedicated Up In Marten's Fourth Wuarter
- Marten Transport rode strong results in its Dedicated and Brokerage divisions to post net income for the fourth quarter of 2019 that was stable for the period, but operating income for the quarter was down 3.8%. For the full year, Marten (NASDAQ: MRTN ) reported a 7.1% increase in operating revenue and a gain of 8.7% in operating income. That led to record results in both those categories. Net income was up 11% for the year. Net income for the fourth quarters of 2018 and 2019 was essentially flat on either side of $15.74 million. The differences in the performance of the Truckload and Dedicated divisions were stark even with relatively minor differences in some benchmark numbers. Marten's truckload revenue per tractor per week, net of fuel, was up 5.2% to $3,736 compared to the fourth quarter of 2018. The same category for Dedicated showed that group's per-truck revenue up just 2.2%, to $3,286 from $3,360. But the Dedicated operating ratio improved to 88.6% from 91.1% while the OR in Truckload worsened to 92.5% from 89.9% in the corresponding quarter of 2018.
- 01/24/2020
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Marten Transport Announces Fourth Quarter and Year End Results
- MONDOVI, Wis., Jan. 23, 2020 -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported the highest operating revenue and operating income for any year in its history. For each.
- 01/23/2020
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Marten Transport Announces Fourth Quarter and Year End Results
- Reports highest operating revenue and operating income for any year in Company history
- 01/23/2020
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Earnings Scheduled For January 23, 2020
- Companies Reporting Before The Bell Southwest Airlines Co. (NYSE: LUV ) is projected to report quarterly earnings at $1.10 per share on revenue of $5.72 billion. JetBlue Airways Corporation (NASDAQ: JBLU ) is expected to report quarterly earnings at $0.55 per share on revenue of $2.03 billion. Union Pacific Corporation (NYSE: UNP ) is projected to report quarterly earnings at $2.06 per share on revenue of $5.27 billion. The Procter & Gamble Company (NYSE: PG ) is estimated to report quarterly earnings at $1.37 per share on revenue of $18.35 billion. American Airlines Group Inc. (NASDAQ: AAL ) is expected to report quarterly earnings at $1.21 per share on revenue of $11.32 billion. Comcast Corporation (NASDAQ: CMCSA ) is projected to report quarterly earnings at $0.76 per share on revenue of $28.17 billion. Kimberly-Clark Corporation (NYSE: KMB ) is estimated to report quarterly earnings at $1.69 per share on revenue of $4.52 billion. KeyCorp (NYSE: KEY ) is projected to report quarterly earnings at $0.48 per share on revenue of $1.65 billion.
- 01/23/2020
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Marten Transport Q4 EPS $0.29 Beats $0.28 Estimate, Sales $217.185M Beat $215.9M Estimate
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State of Alaska Department of Revenue Cuts Stock Position in Marten Transport, Ltd (NASDAQ:MRTN)
- State of Alaska Department of Revenue lowered its position in Marten Transport, Ltd (NASDAQ:MRTN) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,320 shares of the transportation company’s stock after selling 479 shares during the quarter. State of Alaska Department of Revenue’s holdings in Marten Transport were worth $630,000 as […]
- 01/22/2020
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Marten Transport (MRTN) Scheduled to Post Earnings on Thursday
- Marten Transport (NASDAQ:MRTN) will be releasing its earnings data after the market closes on Thursday, January 23rd. Analysts expect Marten Transport to post earnings of $0.28 per share for the quarter. Shares of MRTN stock opened at $21.65 on Tuesday. Marten Transport has a 1 year low of $16.42 and a 1 year high of […]
- 01/21/2020
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Dalton Greiner Hartman Maher & Co. Purchases 11,872 Shares of Marten Transport, Ltd (NASDAQ:MRTN)
- Dalton Greiner Hartman Maher & Co. boosted its position in Marten Transport, Ltd (NASDAQ:MRTN) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 247,143 shares of the transportation company’s stock after acquiring an additional 11,872 shares during the period. Dalton […]
- 01/16/2020
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Is Marten Transport, Ltd. (NASDAQ:MRTN) Overpaying Its CEO?
- Randy Marten became the CEO of Marten Transport, Ltd. (NASDAQ:MRTN) in 2005. This report will, first, examine the CEO...
- 01/15/2020
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BidaskClub Lowers Marten Transport (NASDAQ:MRTN) to Sell
- Marten Transport (NASDAQ:MRTN) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports. Separately, Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. One analyst has rated […]
- 01/14/2020
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Marten Transport, Ltd (NASDAQ:MRTN) Receives Average Rating of "Hold" from Brokerages
- Shares of Marten Transport, Ltd (NASDAQ:MRTN) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among […]
- 01/12/2020
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Truckers temporarily exempt from Cali 'gig worker' law
- Many are looking to carve out exemptions from California's new "gig worker" rule - which obligates companies to pay overtime, healthcare and workers' compensation - and one industry just score
- 01/10/2020
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Is Marten Transport, Ltd. (NASDAQ:MRTN) Investing Effectively In Its Business?
- Today we are going to look at Marten Transport, Ltd. (NASDAQ:MRTN) to see whether it might be an attractive investment...
- 01/03/2020
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J.B. Hunt Buys RDI Last Mile to Bolster Final Mile Network
- With e-commerce boom and the consequent rise in last-mile deliveries, J.B. Hunt (JBHT) is trying to capitalize on this upside through successive acquisitions.
- 01/03/2020
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Knight Swift (KNX) Slashes Q4 EPS Projection, Stock Down
- Excess truckload capacity is a major headwind for Knight-Swift Transportation Holdings (KNX).
- 12/20/2019
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KATHLEEN IVERSON APPOINTED TO MARTEN TRANSPORT BOARD OF DIRECTORS
- MONDOVI, Wis., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that Kathleen (Kitty) P. Iverson has been appointed to its board of directors effective as of the board’s next scheduled meeting, which is expected to be in March 2020. Kathleen P. Iverson currently serves on the board of directors of Nortech Systems Incorporated, an electronic manufacturing services company listed on the NASDAQ Capital Market exchange, where she serves as the chair of the audit committee and as a member of the compensation committee and the governance and nominating committee. Kathleen P. Iverson will fill the vacancy on the board of directors created as a result of the retirement of board member G. Larry Owens in August 2019.
- 12/19/2019
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Is Marten Transport (MRTN) a Great Stock for Value Investors?
- Let's see if Marten Transport (MRTN) stock is a good choice for value-oriented investors right now from multiple angles.
- 12/18/2019
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